JERSEY CITY – The Wall Street Journal reported this week that JP Morgan Chase & Co. has plans to move 2,150 information technology jobs to Jersey City.
This could result in $188 million in taxes to the city over the next ten years. The report said the move would occur in 2017. The firm would lease property at 545 Washington Blvd.
On Thursday morning, New Jersey’s Economic Development Authority voted to approve a 10-year, $187.7 million Grow New Jersey award for the company to expand its technology and operations hub in Jersey City.